Takashi Endo, GM, Resins Division, Toray, explained “India is a region where we can expect the market to grow. The establishment of the new facility this time is the first such base in India for Toray’s resin business, and we’re quite excited about it. We would like to capture this rapidly growing market without fail and strongly pursue business expansion.”
Toray Industries aims to boost sales in its textile business to 1 trillion yen by around 2020 and has unveiled plans to expand air bag fabric operations toward this end. Toray plans to construct a air bag fabric plant in Mexico, fabric used in automotive air bags and Toray’s first production facility related to air bags in the Americas.
The roughly 10 billion yen ($100 million) plant, which will make everything from nylon fibers to the finished fabric, is slated to come onstream in fiscal 2017. This will increase the Japanese company's output capacity about 20%.
Toray Industries, Inc., the Japanese multinational corporation that specializes in industrial products centered on technologies in organic synthetic chemistry, polymer chemistry, and biochemistry, ventures big markets areas- India and USA by devising to set up airbag textile factories.
